Funding arb · Price arb /

JPM

RWAall JPM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against Aster−0.032%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · Variational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.032% cheaper against Aster than usual: you would sell low and buy high, −$3 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster JPMUSDT	352.21	0	get 0.0000% / 8h	4h 50m	$3K	$437	20x
Short	Variational Omni JPM	352.10	0	get 0.0000% / 8h	4h 50m	$119K	$7K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Aster. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee AsterbpFee Variational OmnibpOrdersPrice spread, now −0.032%Rate

Funding earned: $0
Price spread: −0.032% → 0.000%: −$3.18
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$11.18
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Variational Omni: RFQ quote, 8 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aster no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 8 min ago	2.93 bp	doesn't fit	98.1 bp −$981	doesn't fit	doesn't fit

Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

JPM on 14 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective JPM/USDC PERP	−0.0220%	1h	348.41	−1.079%	$7K	$45K	12x	as long as short
Aster JPMUSDTlong	0.0000%	8h	352.21	long leg	$3K	$437	20x
Binance JPMUSDT	0.0000%	8h	352.17	−0.012%	$929K	$488K	20x	as long as short
Bybit JPMUSDT	0.0000%	8h	352.17	−0.011%	$154K	$1.1M	25x	as long as short
Gate JPM_USDT	0.0000%	8h	352.05	−0.046%	$731K	$232K	25x	as long as short
Bitget JPMUSDT	0.0000%	8h	351.83	−0.108%	$205K	$11K	20x	as long as short
Variational Omni JPMshort	0.0000%	8h	352.10	−0.032%	$119K	$7K	—
GRVT JPM_USDT_Perp	0.0000%	8h	352.15	−0.017%	$5K	$84K	10x	as long as short
SunX JPM-USDT	0.0000%	8h	352.12	−0.026%	$1K	$860K	10x	as long as short
HTX JPM-USDT	0.0000%	8h	351.95	−0.074%	$7K	$38K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX JPM-USD	+0.0007%	1h	352.07	−0.040%	$1.1M	$2.8M	10x	as long as short
BloFin JPM-USDT	+0.0013%	8h	352.31	+0.028%	$90K	$27K	20x	as long as short
KuCoin JPMUSDTM	+0.0100%	8h	352.10	−0.031%	$155K	$871K	20x	as long as short
edgeX JPMUSDC	+0.0745%	4h	352.11	−0.027%	$36K	$172K	10x	as long as short